ArmInfo. VTB Bank (Armenia)offers to purchase real estate under the new improved conditions of mortgage lending under the program "Housing for the Young."

This was reported to ArmInfo in the press service of the bank.Now buying an apartment in Yerevan and in the regions is much easier andmore profitable, because under the new conditions of this program: the size of the minimum prepayment is reduced to 7.5%; the requirement for the age of each spouse has been removed and there is only a limit on the total age of spouses - 70 years;

The maximum loan amount is set at 22.5 million drams, which is 5 million more than the previous limit, and when purchasing an apartment in a new building, the maximum loan amount is 27.750 million drams.VTB Bank (Armenia) offers "young families" mortgage loans forfollowing conditions: The possibility of acquiring an apartment from both primary andsecondary market; Loan term up to 30 years; Nominal interest rate (at an effective rate ranging from 6% per annum)- when purchasing an apartment in Yerevan - starting from 5.5%- when purchasing an apartment in the regions - from 3.5%- when purchasing an apartment in a new building - 7.5%VTB Bank (Armenia) in every way helps to improve welfarelife of young families and works on the development and improvement of mortgage lending in Armenia.

Detailed information about the conditions of the program "Housing for young people" can belearn at the branches of VTB Bank (Armenia), on the official website www.vtb.am and at the Bank's Contact Center at 87-87.According to the Financial Rating of Banks of Armenia as of December 31, 2018,prepared by the ArmInfo Investment Company, the mortgage portfolio of VTB Bank (Armenia) exceeded 12.5 billion drams or $ 25.9 million, with the annual dynamics coming out of recession to growth, and only in IV quarter it was possible to ensure an increase of 10%. In the total loan portfolio of the bank, the share of mortgage loans is 6%, and in the total mortgage loans of the banking system the share of VTB Bank (Armenia) is about 5%.

It should be noted that VTB Bank (Armenia) CJSC became a member of the internationalfinancial group VTB in April 2004. Currently, the second largest in Russia, PJSC "Bank VTB" owns 100% of VTB Bank (Armenia) shares. The Bank traditionally ranks among the leaders of the banking system of the Republic of Armenia by major indicators. The branch network of VTB Bank (Armenia) covers 70 divisions with a presence both in the capital and in all regions of the country. Moreover, both in the total number of branches and in the number of regional branches, the Bank retains its leadership, occupying the second position in the number of capital divisions.